Furthermore, analysts at Pacific Crest Securities stated that they “expect the company to benefit in the long term from improved internal operations, such as stronger cross-sell capabilities.”

Comment: Tibco Software Inc. gapped up as much as 15.8% after reporting better-than-expected earnings last Thursday after the close. The company, which offers real-time infrastructure software for Internet and enterprise networks, reported fiscal third-quarter profit growth of 17% on increased sales and margins as businesses continue to spend more on information technology.

Service & maintenance revenue (nearly 2/3 of total revs) and licensing revenue both grew at a 23% clip YoY, and operating margins rose to 14.4% from 13.6%. TIBX closed 13 deals over $1 million during the Q, up from 12 last Q.

Shares closed up Friday’s trade up 12.6% at $18.43, not only a 52-week high but an 8-year high as well. TIBX traded as high as $16.90 during the tech bubble but spent most of the ’02-’09 period below $10. Finally, TIBX seems poised to fulfill the potential that many on the Street have seen in shares for so long. The company has now beaten estimates 11 quarters in a row, performing at a high level throughout the depths of the recession and continuing on into the ‘recovery.’

Shares may seem a bit extended, but it’s hard not to be intrigued by a company that’s consistently beating estimates in the fashion that TIBX has. Though equity correlations are at all-time highs, leading many to believe that stock picking is dead, it will still likely be those investors that take advantage of selective strength that will outperform the market. If you’re looking for some growth-tech exposure, TIBX is definitely worth a gander ().